Why is æternity so innovative?

æternity is the answer to current challenges in blockchain technology.

A network of state channels enables the exchange of value with anybody on the world in trustless way. Participants interact privately with each other. Businesses have their records off-chain and not in public. Participants have infinite instant transactions, limited only by the speed of light. Participants can handle use cases that require high volume of transactions.

What if the fulfillment of a smart contract depends on weather conditions or other public information? The oracle can provide tamper-proof public data and execute accordingly to it. Election results, asset prices like gold, weather conditions play a crucial role for many business applications. With other blockchains an oracle is typically a single-point of failure, therefore bad for decentralization. æternity’s oracles are decentralized.

Consensus is achieved via a novel hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithm. The "Cuckoo Cycle" PoW is more power-efficient and indirectly useful, as it encourages the development of better random access memory (DRAM) chips. The best part is that even smartphones can efficiently mine new tokens, achieving unparalleled decentralization. Proof-of-Stake is implemented via on-chain prediction markets, see governance.

Consensus

Science has proven the use of prediction markets to aggregate information. In æternity on-chain prediction markets project the information available to the network to one single number between 0 and 1. This number is used to signal to the miners which version of the blockchain to mine on. This governance mechanism is also used to check the oracles for correctness. Further, certain blockchain variables (price of computation, blocksize...) will be determined by this mechanism.

Unique Governance

Privacy

For many business applications it's crucial to have their transactions not recorded in public. Smart contracts touch the blockchain only in case of disagreement, acting like a self-arbitrating crypto court.

Security

Low cost

Via leveraging state channels the default way to run smart contracts, æternity becomes the most efficient Turing-complete blockchain and thus enables new forms of monetization via it's low cost transactions.

Overall, I think Aeternity shows much promise: the team is smart and well known in the space, their materials easy to understand and they eagerly listen to feedback.

Stephan Tual

The æternity ecosystem

Bridging the gap between technology and society.

Incubator Foundationæternity will spin off a foundation to support open-source developers, entrepreneurs and young businesses which build their projects on æternity.

æppsæternity will deliver essential open-source æpps with the launch of the platform. This brings use to the blockchain from day one. Read the æternity whitepaper to find out more about the applications.

Adoptionæternity puts an emphasis on web-browser integration and a mobile-first approach to bring blockchain technology to the next level of adoption.

Meetups and ConferencesWe will be organizing meetups and conferences for the community in countries around the world. 你好 Hallå Здравствуйте Hola! こんにちは

EducationOn the technical side æternity will provide developer workshops and tutorials to make the technology easily accessible. æternity supports interested businesses and individuals to find a fit for their use case.

Research & Academiaæternity is continuously researching the newest technological standards and continuously expanding our cooperations with international research institutions to keep the technology safe and up to date. Official partnerships to be announced soon.

Establishmentæternity blockchain is bootstraped by aeternity establishment and incorporated in the Principality of Liechtenstein. Ongoing communication with respective regulatory institutions is key to keep blockchain technology and the æternity project in legally safe waters.

Partnershipsæternity is bootstrapping partnerships in different sectors to bring blockchain technology into real world use.

æternity enables numerous use cases

Access æternity blockchain via the AE token.

Latest efforts within the field have seen many developers create decentralized prediction markets which combine the best efforts of what academics call a workable theory, in order to facilitate decision making and pointing outright where the markets heads to.

The technology allows prediction market smart contracts right out of the box. From simple gambling, up to monetized weather predictions and event contracts.

How about crowdfunding using dominant assurance contracts? These specific smart contracts can be used to raise money for your projects and, at the same time, secure contributors against failure. If a project is unsuccessful, all participants get their contributions back.

Using an oracle, æternity can additionally ensure that the provider of the good or service only gets paid after delivery.

In the blockchain ecosystem gaming is a huge, steadily growing industry. The advantages are obvious. Users are in full control of their in-game transactions, which means fees are kept to a minimum with no intermediaries. A fraud resistant network and irreversible transactions provided by blockchain technology deliver trustless and secure interactions.

From simple games to high-end eSports titles, with æternity, users can rely on secure and instant transactions, sit back, and enjoy their gameplay.

The payments market is highly competitive and, at the same time, offers countless innovation opportunities for streamlining today’s tangled and ineffective ecosystem.

æternity's unique way of handling transactions brings this to the next level by handling payments off-chain via state channels. Payments go through instantly, while retaining your privacy. You heard that right, instantly!

We are humæn

Crypto believers and true experts in each of their fields, who have taken on the challenge to build æternity.

Having exchanged ideas and pursued blockchain endeavors with many of the greatest minds, Yanislav is a true veteran of the blockchain space.

The "Godfather of Ethereum" envisioned in 2013 to have powerful algorithms on blockchains. Now, with æternity, a new version of his vision is becoming reality again.

Yanislav Malahov

Founder

Being intrigued by the magic of blockchain technology since early 2014, Marion is especially interested in connecting the dots between technology and the growing community. Research on the socioeconomic impact, spreading the word and taking care of handling æternity's operations efficiently is where she performs best. Previously she worked in marketing & business development in Silicon Valley.

Marion Vogel

Director

As the founder of a publishing media company (proud), a Restaurant (Beuster) and two tech start-ups: Dropspot and Abend (30 employees), Emin has been an active entrepreneur since 2008. He is a C-level IT product and Engineering Manager. Within the blockchain space he is an early adopter, an ex-Bitcoin miner, and investor in Ethereum. Emin is the CPO and operations manager for æternity Blockchain.

Emin Mahrt

COO

Sergei Evdokimov has studied Math and Cryptography. He got his PhD in Berlin researching the area of provable security. Before joining AEternity he was working as an IT Architect designing distributed systems for managing medical records of millions of patients and building scalable AI-based recommendation systems for major publishers. He also stays connected to the academia by teaching Security and Data Science cources at the university.

Sergei Evdokimov, PhD

Developer

As a multi-national Business Development Executive with experience working in Germany, Eastern Europe, MENA, Asia and Pacific, Nikola is the go-to person for Strategy and Business Development. He has developed and consulted numerous international projects for almost a decade and has recently been introduced to the unlimited possibilities of blockchain technologies.

Nikola Stojanow

CBDO

Erik has been programming for fun since 1980, and for profit since 1989, when he started his first development company. Erik was one of the driving forces behind the the High Performance Erlang project (HiPE) from its start in 1996. In his Ph.D. work he implemented an efficient native code compiler, compiling from the Erlang VM BEAM code to native machine code. Erik built up the Engineering Department at Klarna from the start. In his limited spare time he is writing a book about the Erlang Runtime system.

Erik Stenman, PhD

Erlang Developer

Thomas is a senior scientist and Erlang expert. He worked together with Joe Armstrong, the inventor of Erlang, at Computer Science lab in the 1990's. He holds over 20 year of experience in programming Erlang, as well as strong scientific experience, accompanied by an ability to read and understand scientific papers in theoretical computer science. Thomas has the ability to translate scientific theory in practical applications. He is one of the main developers of the QuickCheck testing tool.

Thomas Arts, PhD

Erlang Developer

Hans has more than 15 years experience in Erlang programming. He is the author of multiple libraries with concurrency as the theme. He holds a PhD in testing leader election protocols. Hans is an Expert in model checking concurrent programs. He implemented CAN and LIN protocols. He is a QuickCheck expert: Tested SSL, Riak, automotive protocols, telecom protocols and distributed systems. He implemented semantics of Erlang and knows the VM corners.

Hans Svensson, PhD

Erlang Developer

Ulf is an expert programmer and the brain behind the Agda programming language. He has over ten years experience in Erlang. Ulf implemented several challenging parts of Quickcheck and tested Riak, Ejabberd, TCP/IP, sidejob as well as distributed systems, deemed difficult to test. He holds a PhD in computer science and is an expert in reading scientific papers, understanding the concepts in them and implementing them in any language.

Ulf Norell, PhD

Developer

Hughes received his PhD from the University of Oxford for the thesis "The Design and Implementation of Programming Languages" in 1984. Hughes is a member of the Functional Programming group at Chalmers. He does research in the field of programming languages and is the author of many influential research papers on the subject, including "Why Functional Programming Matters". Hughes is one of the developers of QuickCheck, as well as cofounder and CEO of QuviQ.

John Hughes, PhD

Developer

Sascha began programming 20 years ago and has spent the last 10 years working as a software engineer and lead architect. He was introduced to Bitcoin in 2011 and was immediately captivated the diverse range of fields converging in blockchain technology. He has been absorbing as much knowledge as possible about blockchains and decentralized systems ever since.

Sascha Hanse

Lead Engineer

Michal is a hands on engineer with a track record in the hottest projects of the last few years. He has been responsible for the architecture, scalability and performance in systems behind RTB markets, Mobile Chat apps, and IoT systems that run for hundreds of millions customers. He will support our effort to use Erlang technology in order to deliver a state of the art blockchain.

Michal Zajda

Erlang Architect

Phillipp is a long time blockchain enthusiast and software developer. He loves bringing his passion and knowledge into developing scalable and innovative solutions, as well as educating others about blockchain technology.

Philipp Piwowarsky

Blockchain Engineer

Ulf Wiger became one of the first commercial users of Erlang when he bought a license in 1993. In 1996, he joined Ericsson and became Chief Designer of the AXD 301 development, arguably the most complex system ever built in Erlang. In recent years, Ulf has been involved in products based on the AXD 301 architecture, and has been an active member of the Open Source Erlang community. In February 2009 he became CTO of Erlang Solutions. He is currently working on the aeternity Blockchain.

Ulf Wiger

Erlang Developer

Tobias is an Erlang expert with experience ranging from architecting and implementing large scale high availability systems to deep diving in the Erlang language implementation. Formerly a researcher in program language design and static analysis, at Klarna Tobias pushed the boundaries of what an Erlang system can do to keep up with extreme growth. Tobias is a member of the core development team, implementing the Ethereum VM in Erlang to run Solidity contracts on the aeternity blockchain.

Tobias Lindahl

Erlang Developer

Luca is a practical engineer keen on developing distributed software solutions that work. leveraging his focus on automated acceptance testing and his attention to detail, at Erlang Solutions, he has contributed to the successful delivery of two financial payments systems.

Luca Favatella

Erlang Developer

Dimitar is a software engineer with a variety of interests. He has implemented the backend of a MOBA game, IoT devices, and software for banking institutions. He has seen the revenue generating machine from the inside and loves blockchain technology for its potential to disrupt and democratize finance.

Dimitar Ivanov

Erlang Developer

Digital marketing analyst and Bitcoin entrepreneur. Founder of BitHope.org, CryptoCrowd.org, and Bitcoin/Blockchain meetup in Sofia, Bulgaria. Co-Founder of the Bulgarian Bitcoin Association and the first website for bitcoin exchange in the country. Fascinated by technology, Bitcoin, blockchains and the future. Member of MENSA.

Vladislav Dramaliev

MARKETING & COMMUNITY

Founder of the design & development studio - ape unit. Realizing app and web-app projects for companies like sony, telefonica, vw, montblanc in the past. Thrilled by the opportunity to make blockchain technology accessible for everyone. Creating the foundation for new business models and applications based on the disruptive potential of the æternity blockchain.

Emil Wagner

æpps Lead

Ray is a UX/UI Designer at Ape Unit in Berlin. Ray worked for several digital agencies in Amsterdam & Rotterdam, before finding his home in Berlin. He is part of the æternity æpps team, focusing on translating complex user stories into clear and intuitive designs.

Ray Jacobs

æpp UX/UI Designer

Stoyan is a seasoned entrepreneur, whose specialty lies at the intersection of technology, design, and business. To date he has co-founded 4 startups, lead his own digital agency for 5 years in NYC, and held roles as Director of Technology, Product Lead, and CTO. Having worked on projects in San Francisco, New York, Los Angeles, and Berlin, Stoyan is lured by the disruptive potential of blockchain technology and its implications for globalization.

Stoyan Vasilev

Design Consultant

Shaleah brings the technical and the practical together. Specializing in content optimization and branding development for small international businesses, she has spent the last 8 years bringing services, products and ideas into being by putting them into words. Although new to the blockchain sphere, she is excited to push the boundaries of innovation and lend her content & word-smithing abilities to the Aeternity team.

Shaleah Dawnyel

Content

Alessandro De Carli is a mobile security engineer with years of experience in the financial industry. He discovered the world of crypto during his master thesis in the area of state channels and micropayment protocols. He felt the pain of scalability during the implementation of a micropayment wallet and is excited about the potential of a scalable general purpose blockchain. Alessandro is CEO and founder of a successful Swiss software engineering company and is contributing to æternity as a technical blockchain advisor.

Alessandro De Carli

Technical Blockchain Advisor

Lukas is a senior backend engineer who studied at the Free University Berlin with a focus on Human-Centered Computing -- working on combining human and machine intelligence. Prior to working as a backend engineer and system operator for a big data startup (which included setting up the whole server infrastructure from scratch), he was building database and backend solutions for a Bank. He's currently involved at Volkswagen initiative for smart cars and a devop at aeternity Blockchain.

Lukas Benedix

Devop

Till is a full-stack developer from Berlin with a degree in Computational Linguistics. He has has been writing and debugging front and back-end applications in Python, Javascript and Java for over a decade. His æpp Haello received the second prize in the first æpps hæckathon. At æternity he is part of the DevTool unit, responsible for the æpps SDKs and developer tools.

Till Kolter

Developer

Mister John Newby has been working with the internet since the mid-90s. Initially as a programmer, then as technical director of BeatThatQuote.com, until its sale to Google. After leaving Google, John formed LShift Berlin, which was sold to Oliver Wyman. In his time John has coded in C, C++, Perl, Java, Ruby, Visual Basic, PHP, and more. John is now taking care of æternity's developer tools and needs.

John Newby

æpp Developer

With more than 10 years of professional development experience, Dincho has proved his skills as a full-stack engineer and a lead for projects of various scale. He is currently finishing his Master's degree in software engineering and teaching at the local university. His cryptography enthusiasm brought him to æternity, and since he's been doing automation since before it was all the rage, it is his main responsibility at æternity.

Dincho Todorov

Devop

Nicholas has been involved in blockchain technology since early 2015 and has an extensive IT background, including DNS and hosting at domain.com. He was product support for Zenefits, the fastest growing startup out of San Francisco in 2015. Nicholas is currently studying Computer Science and doing product ops, as well as client support at HomeLight, the worlds best search engine for real estate agents.

Nicholas Higgins

Community Manager

Vanessa is a systems engineer, with an IT background and a software developer,
with extensive knowledge in database development. Vanessa dove into the world of Blockchain in 2016. She is fascinated by the multitude of possible applications for blockchain technology across industries and borders. Currently her focus is in promoting and spreading the word in support of future mass adoption.

Vanessa Guzmán

Hispanic Community Manager

As a King's College London graduate in International Relations, Yoanna has an insightful perspective on global political and economic developments. She is fascinated by the significant potential of blockchain technology to disrupt, decentralize and democratize the existing governance structures in the public and private sectors. Yoanna is ensuring the smooth day-to-day operations of æternity by helping with strategy and business development.

Yoanna Boncheva

Operations

Anton has a background in Theoretical Physics and extensive experience in IT. He is the Head of the Computer Science Laboratory at IAPS and has a wide range of interests in Informatics and Physics.

Anton Andonov

Developer

Nedelcho Delchev is a Junior Developer who has recently found the ways of Elixir and Functional Programming. He has contributed in Eclipse Open Source project and has interests in Web Development, as well as taking part in developing a Data Centric Domain Specific Language. Ever since discovering Blockchain and the world of Decentralized Applications he has been keen to learn and understand the fundamentals of them.

Nedelcho Delchev

Developer

Bozhidar Nikolov is a Junior Developer, with experience in Web Development. He has taken part in Eclipse Open Source project, as well as in developing a Data-Centric Domain-Specific Language. He is new to the field of Blockchain development but has great interest in it.

Bozhidar Nikolov

Developer

Dimitar Velev, currently a Software Engineering student, has a broad range of interests beyond Software Development including 3D and motion graphic design and most recently - Blockchain technology. As part of the Elixir team, he's motivated to bring in new ideas which would help the team deliver a Blockchain that fulfills the æternity vision.

Dimitar Velev

Developer

Daniela Ivanova has been working as an Erlang/Elixir developer in Quanterall Ltd., Bulgaria, since 2016. She has a keen interest in Functional Programming, Blockchain, Distributed Systems, IoT and Software Design.

Daniela Ivanova

Developer

Samir Barguti is a Front-End Developer. He studies Computer Science at Varna Free University, Bulgaria. His interests lie in the area of UX/UI, Elixir & Front End stack Programming.

Samir Barguti

Developer

Hristian Hristov is 19 years old from Varna, Bulgaria. He graduated from High School of Mathematics and is currently studying Automation Engineering at Technical University of Varna. His interests are in Automation, IoT and Programming, particularly in Elixir and Python.

Hristian Hristov

Developer

Ivan Todorov has been working at Quanterall since 2015 as an Erlang/Elixir Back-End Developer. His main interests are in IoT and Blockchain technologies.

Ivan Todorov

Developer

Kristian Kirov is an Electrical Engineer, who makes the world of electronics to work properly. He is interested in how does the Universe work, at micro and macro level. Also, how to make our life easier.

Kristian Kirov

Developer

Nikolay Kolev is working as a Hardware Engineer. He is the Head of the Hardware Team at Quanterall. His main contribution to Aeternity is related to developing and validating a Hardware Wallet Prototype. The range of his interests covers Computer Hardware, Hardware Diagnostics, Hardware Architecture, Electronics Hardware Design, Network Hardware, Wireless Engineering, and a lot more.

Nikolay Kolev

Developer

Radostin Dimitrov has been working with Erlang for 2 years. Designed and implemented scalable solutions for IoT and bank software. He is interested in IoT/ Hardware, Programming/Scripting on Linux-bash, Block technology, Cryptography and other things related to Cybersecurity.
He considers himself as a seeker for mathematical models, an adventurer, an experimentalist and a builder - after everything has collapsed. He also believes in: Those in a hurry do not arrive. Slowly, but surely. Always do right.

Radostin Dimitrov

Developer

Georgi Spasov is a Junior Elixir Developer. Even though he is still new to the Blockchain scene he is excited working with this technology. His background foundation is built on top of Android and software development with Java for IOT solutions.

Georgi Spasov

Developer

Artur Kratt is an Elixir Developer, currently learning Blockchain and working with its
technologies. Arthur believes blockchain innovation is the future of money and economics
and is quickly growing his understanding of and engagement with the field.

Artur Kratt

Developer

Founding partner of FinTech Blockchain Group, Vincent is an expert on digital currency trading and an active investor in blockchain industry. As an early adopter of blockchain technology and a KOL in China’s crypto community, Vincent is advising the aeternity team on China strategy.

Vincent Zhou

China Advisor

Steve Dakh

CRYPTO TECH ADVISOR

Board Games and Artificial Intelligence, Algorithms, Complexity, Algorithmic Information Theory, Distributed Computing, Computational biology, and what not.
Recently he has been designing a new Proof-of-Work system called "Cuckoo Cycle", which æternity blockchain will be using. John is advising the æternity team on the integration of the "Cuckoo Cycle" mining algorithm.

John Tromp

ADVISOR ON POW "CUCKOO CYCLE"

Dominic is (technically) a BAFTA Award nominee, (technically) Italian, but definitely an industry expert in horizontal scalability, parallel executions, functional programming and distributed data consistency. Dominic has designed and developed the SenseGraph Natural Language Processing (NLP) system and contributed to its scientific advancement since 2004. He's currently a Technical Lead and Scalability Architect at Erlang Solutions.

Dominic Perini

Technical Lead and Scalability Architect

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